1.

What is meant by visible and invisible items in the Balance of payments account? Give some examples of each.

Answer»

Visible items refer to items relating to trade of material goods with other countries.

Examples - tea, clothes, machinery etc.

Invisible items refer to items relating to trade of services with other countries and unilateral transfers.

Examples- Transport services, Insurance and banking services etc.



Discussion

No Comment Found

Related InterviewSolutions